IBT Staff Reporter

Virgin Atlantic and British Airways both began routing flights around Russian airspace on Friday after London and Moscow banned each other's airlines in tit-for-tat retaliation over Russia's invasion of Ukraine.

The fallout to the global aviation industry from Russia's invasion of Ukraine spread on Friday as two more European countries banned Russian carriers and the European Union said it would restrict exports of aircraft parts.

Japan's industrial output likely fell for a second month in January as the fast spread of the Omicron COVID-19 variant disrupted car production, a Reuters poll showed.

Covid rages in Iraq as vaccinations lag

Stocks rebound as traders weigh Russia sanctions; oil slips

Asian shares regained ground on Friday, following Wall Street's overnight lead as U.S.

Asian markets rebounded on Friday following Wall Street's surprising overnight reversal, as investors weighed the longer-term impact of tough Western sanctions against Russia after it

European Union foreign ministers will thrash out details on Friday of sanctions on Russia over its invasion of Ukraine after leaders of the bloc agreed on a robust package of measures to ensure that President Vladimir Putin "must and will fail".

The European Union is planning a third round of sanctions against Moscow, an EU official said on Friday, minutes after Ukraine's president pleaded with the bloc for faster and more forceful steps to punish Russia for its invasion of his country.

Oil prices jumped on Friday by nearly 3% on concerns of global supply disruptions from the impact of trade sanctions on major crude and fuel exporter Russia after it invaded Ukraine.

Oil prices slipped on Friday after sharp rises earlier in the session on concern over potential global supply disruptions from sanctions on major crude exporter Russia.

Oil prices slipped Friday after sharp rises earlier in the session on concern over potential global supply disruptions from sanctions on major crude exporter Russia.

Oil prices slipped Friday after sharp rises early in the session on concern over potential global supply disruptions from sanctions on major crude exporter Russia.

As oil prices have risen over the last year -- including Thursday's brief surge above $100 a barrel -- companies ranging from giants like Chevron to mid-sized players such as Devon Energy have chosen to only lift capital investment modestly.

The European Union is planning a third package of sanctions against Moscow, EU officials said on Friday, as Ukraine's president pleaded with the bloc for faster and more forceful steps to punish Russia for its invasion of his country.

EU states agreed to freeze any European assets of Russian President Vladimir Putin and his foreign minister on Friday, as Ukraine's leader pleaded for faster and more forceful action to punish Russia's invasion of his country.

EU states agreed to freeze any European assets of Russian President Vladimir Putin and his foreign minister on Friday, as Ukraine's leader pleaded for faster and more forceful sanctions to punish Russia's invasion of his country.

More than 12,000 kilometers (7,450 miles) away from the violence of the Russian invasion, some 200 Brazilians of Ukrainian descent gathered on Thursday to pray for peace in a country they still consider their homeland.

The United States on Thursday restricted exports to Russia of a broad set of U.S.-made products as well as foreign-produced goods built with U.S.

The euro was struggling to recover from its plunge the previous day in early Asia trading on Friday, after Russia's invasion of Ukraine had hit the common European currency and sent investors scrambling to the safety of the dollar, yen and Swiss franc.

The dollar retreated against most currencies, including the euro, on Friday, as markets walked back some of the tumultuous moves from the previous day when Russia's invasion of Ukraine sent investors scrambling.

The euro steadied on Friday following Thursday's sharp declines after Russia's all-out invasion of Ukraine unleashed the biggest attack on an European state since World War Too.

The euro edged up on Friday following Thursday's sharp declines in the wake of Russia's invasion of Ukraine.

Ukrainian President Volodymyr Zelenskiy vowed on Friday to stay in Kyiv as his troops battled Russian invaders who are advancing toward the capital in the biggest attack on a European state since World War Two.

Ukrainian President Volodymyr Zelenskiy vowed on Friday to stay in Kyiv as his troops battled Russian invaders advancing toward the capital in the biggest attack on a European state since World War Two.

Missiles pounded the Ukrainian capital on Friday as Russian forces pressed their advance and Ukrainian President Volodymyr Zelenskiy pleaded with the international community to do more, saying sanctions announced so far were not enough.

Missiles pounded the Ukrainian capital on Friday as Russian forces pressed their advance and Ukrainian President Volodymyr Zelenskiy pleaded with the international community to do more, saying sanctions announced so far were not enough.

Missiles pounded Ukraine's capital on Friday as Russian forces pressed their advance and authorities in Kyiv said they were preparing for an assault aimed at overthrowing the government.

Russian missiles pounded Kyiv on Friday, families cowered in shelters and authorities told residents to prepare Molotov cocktails to defend Ukraine's capital from an assault that the mayor said had already begun with saboteurs in the city.